CHEYENNE, Wyo., March 28, 2016 /PRNewswire/ -- The directors and management of NanoSave Technologies Inc. (OTC PINK: FLIBD) announced today that the former Formosa Liberty Corp. has change its name to NanoSave Technologies Inc. It is trading on the OTC as FLIBD. The company executed a 100 for 1 reverse stock split as part of its ongoing re-organization. The company has now completed its re-organization plans. "The company has now created a capital structure that is inline with our operating goals, and one that is in the best interests of our shareholders," stated CEO Steve Lovern.
In Other News, NanoSave Technologies continues to expand rapidly, corporate accountants have indicated that the first quarter numbers are clearly positive and may exceed initial expectations. "We feel very strongly that our numbers could be a pleasant surprise as we closeout the first quarter of 2016, we are looking forward to seeing the final tabulations and subsequently releasing the information," says Company CEO Steve Lovern. Q1 numbers will include the purchase of the NanoSave N1 oil products division in an all stock transaction from N1 Technologies Inc. (OTC: NTCHF). The company envisages these Patents and Technology as an exceptional opportunity for our investors going forward. NanoSave Technologies designs, develops, manufactures and markets a wide range of nano-engineered oil products, lubricants and marine coatings to a global market.